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Reply to "How much to save for college - child is in 10th grade"
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[quote=Anonymous]Yes, I think the problem people run into is when they want a particular high ranking expensive school that doesn't offer merit aid (or very limited merit) and the family and doesn't qualify for need. Then you pay through the nose. It's actually a bit easier when you have a kid who doesn't quite have the marks/scores to get into the "top" schools but is a good fit for the next tier of high quality schools--those schools are often more generous with merit aid for those with good stats (and more flexible with admission with full-pay students who don't have as high marks/scores). Our DC decided to go in-state public (still 40k/yr all expenses--W&M), but was offered out of state at good --but not top 20--private schools that would have brought the price down even lower to 25-30K. I personally loved these schools but W&M had some particular programs of interest and an overall stronger reputation and we can afford it.[/quote]
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